News / Europe

Possible Candidates Emerge to Replace IMF Chief Strauss-Kahn

Dominique Strauss-Kahn (C), head of the International Monetary Fund (IMF), departs a New York Police Department precinct in New York late May 15, 2011.
Dominique Strauss-Kahn (C), head of the International Monetary Fund (IMF), departs a New York Police Department precinct in New York late May 15, 2011.
TEXT SIZE - +
Lisa Bryant

As International Monetary Fund chief Dominique Strauss-Kahn remains jailed in New York on sexual assault charges, speculation is already simmering on who might succeed him.  

It remains uncertain whether the current IMF head, France's Dominique Strauss-Kahn, will be ordered to stand trial on charges of sexually assaulting a hotel maid.  Strauss-Kahn claims he is innocent.

Even if this is the case, a number of observers believe his career at the IMF is over - and that the allegations, true or false, have also likely dashed any hopes for a French presidential run next year.

Speaking from Brussels, where she was attending a European Union ministerial meeting, Austria's finance minister, Maria Fekter, suggested Strauss-Kahn should step down to avoid further damaging the IMF.

Spanish Finance Minister Elena Salgado says it is up to Strauss-Kahn to make that decision. But Salgado said the sexual assault charges Strauss-Kahn has been accused of are very serious.  While justice must take its course, she said, her solidarity is with the woman who suffered the assault - if those charges proved true.

Financial analysts are now speculating on a number of possible candidates to replace Strauss-Kahn, including French Finance Minister Christine Lagarde.

While he would not discuss personalities, Karel Lannoo, chief executive of the Brussels-based Center for European Policy Studies, offers the profile of the ideal IMF chief.

"He needs at the same time to be a good economist - a good macro-economist above all - and preferably someone with a Ph.D., like Strauss-Kahn had a Ph.D. - he was welcomed on that ground four years ago because he had a Ph.D. in economics.  But at the same time, who is a good diplomat," he said.

The job to head the International Monetary Fund has traditionally gone to a European, and there were already indications Tuesday that Europe would be plugging for it to stay that way.

European Commission President Jose Manuel Barroso told Dutch reporters that if it is necessary to choose a successor to Strauss-Kahn, the European Union should present a candidate.  German Chancellor Angela Merkel also says Europe should have good candidates ready.

But other experts are looking at potential candidates outside Europe - including in emerging economies like China or Brazil. Analyst Lannoo says their lobbying weight will depend on how well they are doing at home. "If they, for example, manage to get their own economy well in order - take Brazil for example - they probably have a case to say, 'look, we can advance a good candidate.'"

Strauss-Kahn was widely speculated to be preparing to leave the IMF shortly, to prepare a presidential bid. "He was stepping down anyway because of [the presidential race], but have the Europeans prepared for this?  I would say not," said Lannoo.

The names of non-European IMF candidates floated in the media include former South African finance minister Trevor Manuel, Brazil's ex-central bank president Arminio Fraga, and Min Zhu from China, who is a special advisor to Strauss-Kahn.

You May Like

Video Pope Francis Hopes Dual Canonizations Will Reconcile Church

John the XXIII and John Paul II will be made saints in a ceremony at St. Peter’s Square on April 27 More

Thailand Reacts to Plots Targeting Israelis

Authorities hope arrest of two Lebanese suspects will disrupt plot to attack young Israeli tourists More

Video In Capturing Nature's Majesty, Film Makes Case for Its Survival

'Once Upon a Forest' takes viewers deep into heart of tropical rainforest More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Pope Francis Hopes Dual Canonizations Will Reconcile Churchi
|| 0:00:00
...
 
🔇
X
Jerome Socolovsky
April 22, 2014 4:14 PM
On April 27, two popes - John the XXIII and John Paul II - will be made saints in a ceremony at St. Peter’s Square. VOA religion correspondent Jerome Socolovsky says the dual canonization is part of the current pope’s program to reconcile liberals and conservatives in the Roman Catholic Church.
Video

Video Pope Francis Hopes Dual Canonizations Will Reconcile Church

On April 27, two popes - John the XXIII and John Paul II - will be made saints in a ceremony at St. Peter’s Square. VOA religion correspondent Jerome Socolovsky says the dual canonization is part of the current pope’s program to reconcile liberals and conservatives in the Roman Catholic Church.
Video

Video In Capturing Nature's Majesty, Film Makes Case for Its Survival

French filmmaker Luc Jacquet won worldwide acclaim for his 2005 Academy Award-winning documentary "March of the Penguins". Now Jacquet is back with a new film that takes movie-goers deep into the heart of a tropical rainforest - not only to celebrate its grandeur, but to make the case for its survival. VOA's Rosanne Skirble reports.
Video

Video Boston Marathon Bittersweet for Many Runners

Monday's running of the Boston Marathon was bittersweet for many of the 36,000 participants as they finished the run that was interrupted by a double bombing last year. Many gathered along the route paid respect to the four people killed as a result of two bombings near the finish line. VOA's Carolyn Presutti returned to Boston this year to follow two runners, forever changed because of the crimes.
Video

Video Pacific Rim Trade Deal Proves Elusive

With the U.S.-led war in Iraq ended and American military involvement in Afghanistan winding down, President Barack Obama has sought to pivot the country's foreign policy focus towards Asia. One aspect of that pivot is the negotiation of a free-trade agreement among 12 Pacific Rim nations. But as Obama leaves this week on a trip to four Asian countries he has found it very difficult to complete the trade pact. VOA's Ken Bredemeier has more from Washington.
Video

Video Robotic Mission Kicks Up Lunar Dust

A robotic mission to the moon was deliberately crashed onto the lunar surface late last week, but not before scientists had collected data gathered by the spacecraft which was designed to self-destruct. VOA's Rosanne Skirble reports on the preliminary findings of the craft, called LADEE - an acronym for Lunar Atmosphere and Dust Environment Explorer.
Video

Video Boko Haram Claims Responsibility for Bombing in Nigerian Capital

The Nigerian militant group known as Boko Haram has claimed responsibility for a bombing in the capital on April 14th that killed 75 people. In the video message, Abubakar Shekau, the man who says he ordered the bombing, says nothing about the mass abduction of more than 100 teenage girls, most of whom are still missing. Heather Murdock has more for VOA from Abuja.
Video

Video Ukraine Developments Hang Over Obama Trip to Asia

President Barack Obama's trip to Asia this week comes as concerns over Beijing's territorial ambitions are growing in the region. Those concerns have been compounded by Russia's recent actions in Ukraine and the possibility that Chinese strategists might be looking to Crimea as a model for its territorial disputes with its neighbors. VOA's Bill Ide has more from Beijing.
Video

Video Autistic Adults Face Housing, Job Challenges

Many parents of children with disabilities fear for the future of their adult child. It can be difficult to find services to help adults with disabilities - physical, mental or emotional - find work or live on their own. The mother of an autistic boy set up a foundation to advocate for the estimated 1.2 million American adults with autism, a developmental disorder that causes communication difficulties and often social difficulties. VOA's Faiza Elmasry reports.
AppleAndroid